Kahn Brothers 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AMERICAN TEL & TEL	COM	030177109	518,674	16,496	SH		SOLE		16,496	0	0
APPLE	COM	037833100	109,440	300	SH		SOLE		300	0	0
ASSURED GUARANTY	COM	G0585R106	37,647,372	1,542,293	SH		SOLE		1,542,293	0	0
BANK OF AMERICA	COM	060505104	422,347	17,783	SH		SOLE		17,783	0	0
BP PLC	COM	055622104	44,505,357	1,908,463	SH		SOLE		1,908,463	0	0
BRISTOL MYERS SQUIBB	COM	110122108	59,729,275	1,015,804	SH		SOLE		1,015,804	0	0
BLACKBERRY	COM	09228F103	27,944,326	5,714,586	SH		SOLE		5,714,586	0	0
BERKSHIRE HATHAWAY	COM	084670702	593,546	3,325	SH		SOLE		3,325	0	0
CITIGROUP	COM	172967101	47,712,836	933,715	SH		SOLE		933,715	0	0
CHEVRONTEXACO	COM	166764100	263,050	2,948	SH		SOLE		2,948	0	0
COMCAST CL A	COM	20030N101	338,658	8,688	SH		SOLE		8,688	0	0
CREW ENERGY	COM	226533107	40,040	182,000	SH		SOLE		182,000	0	0
COAL CREEK MINING	COM	190072108	267,477	813	SH		SOLE		813	0	0
EXXON MOBILE	COM	30231G102	810,326	18,120	SH		SOLE		18,120	0	0
FIRST NATL BK OF ALASKA	COM	32112J106	1,280,280	6,810	SH		SOLE		6,810	0	0
GENIE ENERGY	COM	903514344	3,122,825	424,297	SH		SOLE		424,297	0	0
GLACIER BANCORP	COM	37637Q105	221,092	6,265	SH		SOLE		6,265	0	0
GLAXOSMITHKLINE	COM	37733W105	62,201,405	1,517,918	SH		SOLE		1,517,918	0	0
HOLOGIC	COM	436440101	4,703,583	82,519	SH		SOLE		82,519	0	0
HOPE BANCORP	COM	43940T109	294,302	31,920	SH		SOLE		31,920	0	0
IDT CORP CL B	COM	448847309	4,455,352	682,290	SH		SOLE		682,290	0	0
IDW MEDIA	COM	44951N106	376,440	94,110	SH		SOLE		94,110	0	0
JP MORGAN CHASE	COM	44625H100	365,705	3,888	SH		SOLE		3,888	0	0
KEYCORP	COM	493267108	138,414	11,364	SH		SOLE		11,364	0	0
LIFEWAY FOODS	COM	531914109	22,752	10,000	SH		SOLE		10,000	0	0
MERCK	COM	589331107	71,529,037	924,984	SH		SOLE		924,984	0	0
MBIA	COM	55262C100	36,124,945	4,982,751	SH		SOLE		4,982,751	0	0
NAM TAI PPTY	COM	G63907102	11,774,338	1,883,894	SH		SOLE		1,883,894	0	0
NAVIENT	COM	63938C108	177,761	25,286	SH		SOLE		25,286	0	0
NEW YORK COMMUNITY	COM	649445103	52,489,807	5,146,060	SH		SOLE		5,146,060	0	0
NOVARTIS ADR	COM	66987V109	1,982,443	22,698	SH		SOLE		22,698	0	0
NY TIMES CL A	COM	650111107	63,045	1,500	SH		SOLE		1,500	0	0
ORANGE COUNTY BANCORP	COM	68417L107	389,500	16,400	SH		SOLE		16,400	0	0
PFIZER	COM	717081103	24,999,673	764,516	SH		SOLE		764,516	0	0
PATTERSON ENERGY	COM	703481101	20,233,692	5,831,035	SH		SOLE		5,831,035	0	0
PEPSICO	COM	713448108	264,520	2,000	SH		SOLE		2,000	0	0
PEYTO EXP & DEV	COM	717046106	46,004	35,000	SH		SOLE		3,500	0	0
RAFAEL HOLDING	COM	75062E106	6,039,653	420,296	SH		SOLE		420,296	0	0
SB ONE BANC	COM	78413T103	398,827	20,245	SH		SOLE		20,245	0	0
SEABOARD CORP	COM	811543107	36,514,324	12,446	SH		SOLE		12,446	0	0
STERLING BANCORP	COM	85917A100	4,330,599	369,505	SH		SOLE		369,505	0	0
TRINITY PLACE HOLDINGS	COM	89656D101	2,156,217	1,562,476	SH		SOLE		1,562,476	0	0
VERIZON	COM	92343V104	993,167	18,015	SH		SOLE		18,015	0	0
VIEWRAY	COM	92672L107	1,356,432	605,550	SH		SOLE		605,550	0	0
VALHI	COM	918905100	9,054	864	SH		SOLE		864	0	0
VOXX INTERNATIONAL	COM	91829F104	21,595,779	3,736,294	SH		SOLE		3,736,294	0	0
ZEDGE INC.	COM	98923T104	236,178	159,581	SH		SOLE		159,581	0	0